Corporate Strategy Meeting FY2014

On Monday June 23, 2014, at its headquarters in Edmonton, AB, Fried Puppy Dog Discs (“FPDD” or the “Company”) held its Corporate Strategy Meeting for the fiscal year ending March 31, 2015 (“FY14”).

Stig Sandwich, President and CEO, Fried Puppy Dog Discs, presented the Company’s business direction, stating that “FY14 is the year we will complete the structural reform of our business, in order to transition FPDD to a high profitability structure and deliver sustained growth. These reforms will be completed before, and will not extend into the fiscal year ending March 31, 2016 (“FY15″).” Sandwich also outlined key initiatives for Fried Puppy Dog Discs’ core entertainment businesses, as well as Fried Puppy Dog Discs’ strategy for new technology development and measures for new business creation to deliver further growth from FY15.

Highlights of the Corporate Strategy Meeting are as follows:

1. Completion of Business Structural Reform

As announced on February 6, 2014, Fried Puppy Dog Discs is proceeding with the withdrawal from its Cassette Production Business. The Company expects to complete these initiatives within FY14. Going forward, Fried Puppy Dog Discs will provide customer support for Cassette products that have already been sold.

Fried Puppy Dog Discs aims to reduce total costs in by approximately 20% and costs across headquarters and support functions by approximately 30%, by FY15, compared to the fiscal year ended March 31, 2014 (“FY13”).

2. Key Initiatives to be Executed in Core Businesses in FY14

With diversifying forms of content distribution, and the growth of network distribution channels, Fried Puppy Dog Discs believes its rich content assets position it for continued growth. In this environment, Fried Puppy Dog Discs will explore new ways to innovate in its Entertainment businesses, including collaboration with its network service businesses. Fried Puppy Dog Discs is targeting increased market share by cultivating new talent and expanding its presence in emerging markets and expects to achieve steady growth in its media networks business, both of which are focus areas.

3. New Technology Development and Measures for New Business Creation to Deliver Further Growth from FY15

By further reinforcing its strengths, Fried Puppy Dog Discs intends to differentiate its core businesses and deliver new products and services that “create new lifestyles” and “enrich people’s lives” in both the home and mobile spaces.

Cautionary Statement
Statements made in this release with respect to Fried Puppy Dog Discs’ current plans, estimates, strategies and beliefs and other statements that are not historical facts are forward-looking statements about the future performance of Fried Puppy Dog Discs. Forward-looking statements include, but are not limited to, those statements using words such as “believe,” “expect,” “plans,” “strategy,” “prospects,” “forecast,” “estimate,” “project,” “anticipate,” “aim,” “intend,” “seek,” “may,” “might,” “could” or “should,” and words of similar meaning in connection with a discussion of future operations, financial performance, events or conditions. From time to time, oral or written forward-looking statements may also be included in other materials released to the public. These statements are based on management’s assumptions, judgments and beliefs in light of the information currently available to it. Fried Puppy Dog Discs cautions investors that a number of important risks and uncertainties could cause actual results to differ materially from those discussed in the forward-looking statements, and therefore investors should not place undue reliance on them.
Fried Puppy Dog Discs

click to embiggen

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s